Xinja

CBA | April 10, 2020

Commonwealth Bank of Australia has recorded a surge in mobile payment transactions at the POS, as consumers reach for their phones to avoid touching PIN pads during the Coronavirus outbreak. Latest analysis from the bank, which draws on Visa and Mastercard data, has found digital wallet users in Australia spent $1 billion in a record number of transactions in March 2020, a 17% increase from the same month last year. Overall there were 36 million digital wallet transactions made in March - compri...

Visa | February 06, 2020

Astra, an automation platform, recently revealed that it had joined payments giant Visa’s US-based Fintech Fast Track Program. Astra has a mobile app that assists US customers in improving their cash flow and helps them save time using established rules that automatically transfer funds between accounts. By joining Visa’s fast track program, Astra will be able to further expand its business operations, which are focused on financial automation. The Fintech firm has developed the auto...

Fiserv | February 18, 2020

Fiserv has partnered with Visa, Samsung and PayCore to pilot the use of consumer-grade mobile phones as PIN-entry devices for merchant sales. Available via an app-based download to Samsung mobile handsets, the capability enables merchants to accept PIN-based contactless transactions without the need for a separate card reader or PIN-entry device. The so-called SoftPOS system uses the NFC functionality in a merchant's smartphone or tablet to let them accept payments from contactless cards as ...

Insurance Business Magazine | February 07, 2020

A new malware is spreading among online banking users, stealing their passwords by disabling any autofill functions their devices might have and forcing them to manually retype their passwords as the malware copies the data. The Metamorfo trojan malware has targeted the users of more than 20 banks across the globe, in countries such as the US, Canada, Peru, Chile, Spain, Brazil, Ecuador and Mexico. ZDNet reported that the attacks were first reported in Brazil, but have since spread to other onli...